Jolt
Afternoon Jolt: Today's Winners and Losers
CORRECTION: We got I-1082 wrong.
With all attention (including ours) focused on the state budget office's assessment of the booze initiatives today—I-1100 and I-1105—we'd like to point out that the budget office also analyzed the rest of this year's ballot measures.
Winners:
I-1098, the high-earners income tax, will increase state revenues by $11.16 billion over five years. That's $2.2 billion a year, which is a billion more than I-1098's proponents had been promising.
I-1082 , the proposal to privatize workers' comp.
For all of us who are scratching our heads about this complicated proposal, this is all we may need to know—it will save the state $61 to 75 million over five years.
And here's the clean bill of health that Tim Eyman's I-1053 got:
1053 would reinstate the two-thirds rule for the state legislature when it comes to voting on new taxes. That sounds like it will crush the state budget (it would have cost the state $370 million this year), but really, there's no way estimate a future negative.
Loser:
I-1107, the beverage industry's effort to repeal the temporary tax increases on soda, candy, and bottled water that the legislature passed this year to deal with the budget shortfall, would cost the state $352 million over five years.
Here are the state budget office reports:
1098
1082
1053
1107
With all attention (including ours) focused on the state budget office's assessment of the booze initiatives today—I-1100 and I-1105—we'd like to point out that the budget office also analyzed the rest of this year's ballot measures.
Winners:
I-1098, the high-earners income tax, will increase state revenues by $11.16 billion over five years. That's $2.2 billion a year, which is a billion more than I-1098's proponents had been promising.
I-1082 , the proposal to privatize workers' comp.
For all of us who are scratching our heads about this complicated proposal, this is all we may need to know—it will save the state $61 to 75 million over five years.
And here's the clean bill of health that Tim Eyman's I-1053 got:
"Initiative 1053 would have no direct fiscal impact on state and local revenues, costs, expenditures or indebtedness."
1053 would reinstate the two-thirds rule for the state legislature when it comes to voting on new taxes. That sounds like it will crush the state budget (it would have cost the state $370 million this year), but really, there's no way estimate a future negative.
Loser:
I-1107, the beverage industry's effort to repeal the temporary tax increases on soda, candy, and bottled water that the legislature passed this year to deal with the budget shortfall, would cost the state $352 million over five years.
Here are the state budget office reports:
1098
1082
1053
1107